Pensionfund Sabic Purchases Shares of 12,000 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Pensionfund Sabic acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 12,000 shares of the transportation company’s stock, valued at approximately $1,329,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Expeditors International of Washington by 11.6% during the 4th quarter. Nordea Investment Management AB now owns 568,255 shares of the transportation company’s stock worth $63,224,000 after purchasing an additional 59,086 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Expeditors International of Washington by 4.5% during the fourth quarter. GAMMA Investing LLC now owns 3,622 shares of the transportation company’s stock worth $401,000 after buying an additional 155 shares during the period. Versant Capital Management Inc raised its stake in Expeditors International of Washington by 5.5% during the fourth quarter. Versant Capital Management Inc now owns 3,013 shares of the transportation company’s stock worth $334,000 after buying an additional 157 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Expeditors International of Washington by 0.3% in the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock valued at $152,559,000 after buying an additional 4,044 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in Expeditors International of Washington during the third quarter valued at $2,182,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 0.3 %

Expeditors International of Washington stock opened at $110.97 on Tuesday. The business’s 50 day simple moving average is $117.63 and its 200 day simple moving average is $120.80. Expeditors International of Washington, Inc. has a 12 month low of $109.43 and a 12 month high of $131.59. The company has a market cap of $15.53 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.42 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.46%.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.